Macroeconomics
An International Monetary Fund team arrived in Kyiv on Mar 4 to collect information and start working on a loan program which could amount to as much as USD 15bn. We believe that the first tranche of USD 3bn will be disbursed in April. New Prime Minister Arseniy Yatseniuk has said that the government will fulfill all the requirements of the IMF needed to resume cooperation with the Fund. Among these requirements is an increase of the artificially low energy and heating tariffs for households, which have placed a permanent and unsustainable burden on the national budget. The United States and European Union say they are willing to provide funds alongside an IMF program to Ukraine to help expedite social and economic reforms in the country.
